Replies to post #29647 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[weedresearch]

true, but they hate us even more and struck a deal.

they'll say whatever it takes to hike the price

[DarkPool]

Keep a close eye to see if turkey and the Saudis put boots on the ground in Syria. When that happens start buying all you can afford?

[betahighlander]

Agree Iran sucks- Haters gonna hate kind of scum.
I am not arguing with you, but just think its not a one country story.
Iran however is not in the top 5 producers. but is a new entry and enough to screw up the market share.
Iran is always gonna play the spoiler card.
So everyone just has to get used to it.
I do not think this means everyone else cannot put together and agreeement.
As for sticking with the agreement i think there has always been issues even with OPEC historically.
its a new world. Saud, Russia, China, US, are the top four producers as i recall. Feel free to check but it think IRAN is down farther on the list.
Above Africa and Venezuela, Libya and such

Russia is a much more important player here than Iran, in my opinion anyway.